Browsing: Economy

RIYADH: Saudi Arabia has climbed nine spots to rank 41 on a global tourism index – marking the Gulf region’s largest improvement – thanks to its strengthening infrastructure, corporate presence, and major business centers. 

The CPI – which measures inflation – includes 12 main groups of consumer goods that have a total of 737 commodities and services

Experts say grey areas like availability of 0% corporate tax benefit on high sea sales, investment in cryptocurrencies addressed in new RTA guide

Several nations have asked the European Commission to assess the impact of a potential ban on LNG shipments, the agency reports

Israel has threatened to revoke a waiver for maintaining ties with financial institutions in the West Bank

Saudi Arabia has seen a 20 percent surge in passenger travel figures so far in 2024, the President of the General Authority of Civil Aviation (GACA) Abdulaziz al-Duailej said at the Future Aviation Forum in Riyadh.

KARACHI: The Competition Commission of Pakistan has granted a time-bound exemption on relevant clauses of a product supply agreement between Saudi oil giant Aramco and Gas & Oil Pakistan Ltd.,  known as GO Petroleum, for the import and sale of petrol and diesel products to Pakistan, the CCP said on Tuesday.

RIYADH: Net profit of banks in the Gulf Cooperation Council region surged by 10.5 percent year-on-year in the first quarter of 2024 to $14.4 billion, an analysis showed.

TOKYO: Oil prices extended losses in Asia trade on Tuesday, with investors anticipating lingering US inflation and higher interest rates to depress consumer and industrial demand, according to Reuters.

The loan aims to provide the necessary funds to ensure grain supply, reads the final report of the ARP Finance and Budget Committee